Italian police have seized more than $150 million worth of yachts and villas from four superrich Russians
sources told Reuters Saturday.
A luxe villa owned by billionaire businessman Alisher Usmanov on the island of Sardinia, as well as a villa on Lake Como owned by state TV host Vladimir Soloviev have been seized, police sources told the outlet. Yachts belonging to Russia’s richest man, Alexey Mordashov — who has a net worth just north of $29 billion, according to Forbes — and Gennady Timchenko, who is close to Russian President Vladimir Putin, were impounded overnight in the northern Italian port of Imperia.
Russian oligarchs reportedly bought a number of luxury estates in Italy over the past 20 years and sources said more of them are expected to be seized in coming days as the West increases its sanctions against Russia.Yachts belonging to Russian oligarchs Alexey Mordashov and Gennady Timchenko were impounded.The Bank of Italy’s financial intelligence division on Friday told Italian banks to notify it of all measures taken to freeze the assets of people and entities placed on the EU list.
Uzbekistan-born Usmanov is well known in Italy for owning multiple properties on Sardinia and Mordashov reportedly owns a $72 million villa on the same island.
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